Coyote.

Carlin Trend Claims

A Complementary Land Position on a Storied Gold-Producing Trend

• In October of 2022, Westward acquired two additional properties – the Coyote and Rossi Projects – situated along the Carlin Trend

  • The 100%-owned land covers ~9km², immediately adjacent to land owned by Nevada Gold Mines (Barrick / Newmont Joint Venture), ~4km north of their South Arturo Mine and ~10km from Goldstrike

• The Carlin Trend is a ~90km-long gold belt that has been continuously and successfully explored and mined over the last 60 years

  • Today, the area is dominated by NGM
  • The Carlin Complex is made up of multiple open-pit / underground operations
  • Significant discoveries continue to be made (e.g. North Leeville, Rita K)

• The acquisition fit the Company’s overall strategy of finding assets that:

  • Are along prolific and well-understood gold trends; are near Tier-1 producing mines and deposits⁽¹⁾; are available for an attractive entry price; and can be meaningfully advanced and de-risked through systematic, modern exploration

Strong potential for the trend to continue to the north, as evidenced by history; Kinross Gold recently staked 500+ claims immediately north of Westward